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By Prabhat Patnaik Most people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate. A capitalist economy, looking at it differently, improves its trade […]

The post Exchange Rate Depreciation Leads To Lowering Of The Real Wages Rate first appeared on IPA Newspack.

Amid questioning of senior NCP leader Jayant Patil by the Enforcement Directorate in Mumbai, party chief Sharad Pawar on Monday hinted that the action against some leaders could be the fallout of their refusal to meet “expectations” of the ruling dispensation. Pawar said they will suffer but will never deviate from the path they have […]

The post Pawar says ED raids due to disappointment with NCP first appeared on IPA Newspack.

By M A Hossain Pakistan is currently in a critical juncture of political turmoil which is posing a threat to its sovereignty as well as growing concerns about global security.  Not only that, if Pakistan fails to address the crisis, then definitely it will be the beginning of the extinction of democratic values regionally. Pakistan […]

The post Pakistan’s Political Turmoil Has Implications For Global Security first appeared on IPA Newspack.

By C.H. Venkatachalam The 29th National Conference of All India Bank Employees Association which was held in Mumbai from May13th to 15th, 2023 concluded successfully. More than 3,000 Delegates and Observers from all over the country participated in the Conference. Notably, Delegates from all the States including from Nagaland, Manipur, Tripura, Arunachal Pradesh, Mizoram, Jammu […]

The post Saving The Public Sector Banks From Privatisation Is The Prime National Task first appeared on IPA Newspack.

By Prabhat Patnaik Under pressure from globalised finance capital, most countries of the world have enacted legislation fixing the size of the fiscal deficit as a proportion of GDP; generally it is 3 percent, and in India it is 3 per cent for the centre and 3 per cent for the states. The US however […]

The post US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions first appeared on IPA Newspack.

By Krishna Jha There is a chink opening up in the claim that India has been ushered in the group of five most developed nations in the world. With consistent fall in the GDP, even an indication towards upward move gets clapping, a myth that is carried forward since last almost a decade. It is […]

The post India Is Still Having The Largest Number Of Poor In Any Country Of The World first appeared on IPA Newspack.

By Arun Kumar Shrivastav Hedge fund manager and macroeconomic expert Hugh Hendry has raised concerns about the US banking system and the American economy as a whole. In a recent interview with Bloomberg Markets, Hendry warned that mass panic and capital flight from the US banking sector are justified given the decline in the M2 […]

The post US Banking System Faultlines And High Debts Give Lifeline To Bitcoin first appeared on IPA Newspack.

By Dr. Gyan Pathak Prime Minister Narendra Modi has always been shifting the goalposts before, during, and after elections. He has been aggressively inventing, creating and using his narratives to his own political benefit while keeping Hindutva as a constant factor to benefit from the entire RSS family’s activities in the country. His strategy has […]

The post PM Narendra Modi’s Ever Changing Narratives Lose Their Shine first appeared on IPA Newspack.

By P. Sudhir The Quad, consisting of four countries, the United States, Japan, Australia and India is gradually taking the shape of a security alliance which was the intent of the original name of the grouping – the Quadrilateral Security Dialogue. The security angle was highlighted by the recent meeting of the military chiefs of […]

The post Quad Is A US Led Security Alliance Aimed To Counter China In Asia-Pacific first appeared on IPA Newspack.

By Devriş Çimen People around the world are waking up to news that Turkey’s president Recep Tayyip Erdoğan is nearly certain to spend another five years strengthening his grip on power. In Sunday’s first-round vote, Erdoğan took 49.5 percent support, while his challenger Kemal Kılıçdaroğlu received 44.9 percent. Runoff elections have been announced for May […]

The post Turkey’s Political Future Depends On National Polls Run Off On May 28 first appeared on IPA Newspack.

The suspense over the next Karnataka Chief Minister continues days after the Congress received a clear mandate in the assembly polls. State Congress chief DK Shivakumar, one of the two contenders for the post, will fly to Delhi today to present his case to the party’s national leadership. Senior leader Siddaramaiah, who is also eyeing […]

The post Cong gets ready for tough Karnataka call; Siddhu favourite first appeared on IPA Newspack.

Soon after a delegation of the Shiv Sena (UBT) handed over a 79-page letter to the Maharashtra Deputy Speaker seeking expedited action in the disqualification of 16 MLAs of the Shinde camp, NCP leader Ajit Pawar made it clear that the action would not actually topple the government. “Even if 16 MLAs are disqualified, the […]

The post Shinde MLAs’ disqualification won’t hit govt, says Ajit Pawar first appeared on IPA Newspack.

By K R Sudhaman The welcome development in Indian economy is that Inflation, riding on base effect, has moved below five per cent mark in April this year. But worrying factor is slowdown in Industrial and consumer goods production as IIP growth decelerated to 1.1 per cent in March this year. As a result rating […]

The post Moderation In Inflation May Lead To Pause In Interest Rate Hike This Fiscal first appeared on IPA Newspack.

By Ashis Biswas Union Home Minister Mr Amit Shah’s belated announcement assuring that no official decision would be made regarding a proposed alteration in the status of Meitei tribespeople in Manipur state without a comprehensive discussion among all concerned groups and stakeholders is most welcome. However, the violent Manipur episode has left several disturbing questions […]

The post BJP Leaders’ Vote Bank Politics In Manipur Contributed To Ethnic Conflict first appeared on IPA Newspack.

By Sushil Kutty Yes. The verdict in the Karnataka assembly polls announced on May 13 is emphatic. The Congress has won majority in the 224 member house comfortably.  The Congress winning figure is   around 139 seats as against 62 by the BJP and 20 by JD(S) around afternoon. The final figures may  see a small […]

The post Prime Minister Narendra Modi Is The Biggest Loser In Karnataka Assembly Elections first appeared on IPA Newspack.

By S. Sethuraman True to predictions, Karnataka goes back to the Congress and its spectacular margin over ruling BJP not only reflects the strong anti-incumbency factor but also the negativity of all serious efforts of Prime Minister Narendra Modi with bombastic roadshows for a turnaround. The third force in the State, JD(S) of Mr Deva […]

The post Congress Regains Karnataka But Harder Tasks Ahead For Battle 2024 first appeared on IPA Newspack.

By Girish Linganna Twenty-five years ago, as many Indians flew in a year as they do in a month now. That may sound like a measure of economic prosperity. Only two state-owned airlines had held half of the domestic aviation market then. In March this year, 57% of the 13 million tickets that were sold […]

The post Competition In The Time Of Neo-Liberalism In India Under Narendra Modi first appeared on IPA Newspack.

Rajasthan BJP president CP Joshi hit back at Chief Minister Ashok Gehlot for calling the BJP and the RSS “fascist”, saying the Congress leader has an “RSS phobia” and that is why he makes such statements. He said whenever there is any calamity, RSS workers are ready to help. “The Congress has a phobia of […]

The post BJP accuses Ashok Gehlot of ‘RSS phobia’ first appeared on IPA Newspack.